Word: tariff
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Dates: during 2000-2009
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...Mussolini's march on Rome and Hitler's attempted putsch in Munich. By the time of the Depression, in 1929, the fascists had been in power for years, and the Nazis had been growing in strength for most of the decade. Furthermore, Gingrich's description of the Smoot-Hawley Tariff seems to imply it was part of F.D.R.'s New Deal. Smoot and Hawley were Republicans, and the act that bears their names was passed in 1930, during the Hoover Administration. If Gingrich is unable to get his facts straight about the last century, why should we listen...
...Chinese water spinach, cooked in a chili-infused shrimp paste known as belachan. For dessert, go for the sago gula melaka, a mixture of boiled sago, warm coconut milk, palm sugar and shaved ice. The cost of an average dinner for two (without alcohol) is around $50, a modest tariff for food that is invariably sedap. That's Baba Malay for "delicious," and a word that will hopefully live for a long time...
...bank listed some of those measures: Russia has raised tariffs on used cars, Argentina imposed new licensing arrangements for imports, China banned Irish pork, India banned Chinese toys. No fewer than 13 countries have granted subsidies to various parts of the automobile industry. And the bank didn't mention the nasty spat that has broken out between the U.S and Mexico; the U.S. has stopped a program that allowed Mexican trucks on American roads, and Mexico has retaliated with tariff increases. Said World Bank president Robert Zoellick: "Leaders must not heed the siren song of protectionist fixes. Economic isolationism...
Ruiz Mateos made the angry statements as he announced that Mexico would slap tariffs across 90 U.S. products that were worth $2.4 billion in trade in 2007. He pulled no punches about his goal: the tariffs were designed to hit as many different U.S. states as possible. Going into effect on March 19, the tariffs of 10% to 45% affected goods ranging from onions and shaving cream to fruit juice and red wine. There was even a tariff on Christmas trees, which may not have worried the growers too much because they don't sell many in March...
...meantime, though, it’s time for Cambridge to internalize the lesson that Washington should have learned back in 1930, when the restrictive Smoot-Hawley Tariff helped plunge the United States into the Great Depression: Protectionism may be intuitively appealing and politically convenient, but it’s a one-way street to nowhere...